Petrol Profits Skyrocket at Motorists' Expense – says FairFuelUK

The UK fuel supply chain took as much as 16.13p profit per litre from petrol drivers in the last two months. Despite falling wholesale and oil prices UK drivers aren’t seeing those significantly reduced costs reflected at the pumps.
The profit margin on unleaded has risen by 156% since August as the road fuel supply chain absorbs cost savings that should be honestly and fairly passed onto the country’s 37m drivers in a time of consumer hardship and Brexit uncertainty.

Profit
Pence Per Litre
Petrol Diesel Petrol vs Diesel
Difference
August 2nd 6.30 9.66 -3.36
September 23rd 9.48 8.67 0.81
October 18th 13.22 8.46 4.76
November 9th 16.13 11.06 5.07
Change since Aug 2nd 156.0% 14.5% 8.43p

Although diesel and petrol are taxed the same by the Treasury, historically diesel has been more expensive than petrol, as domestic refineries have struggled to meet demand. This has forced the UK to import diesel from other countries at a greater rate than petrol. The recent exploitation of petrol prices at the pumps is a new departure for the fuel supply chain.
Quentin Willson, TV Motoring Journalist and partner in FairFuelUK said: “Just when drivers need all the help, they can get petrol prices are being kept artificially high. Oil is at an eight-month low, yet forecourt prices have hardly budged at all. The fuel industry has a moral duty to pass these savings on to consumers.”
Howard Cox, Founder of the FairFuelUK Campaign commented: “The Government continues to ignore the unceasing retail piracy of motorists at the pumps by greedy oil companies and wholesalers. It must be halted with the immediate creation of an independent price supervisory body, we call PumpWatch. Over half a billion pounds per month is being fleeced from the UK economy and consumer spending by these unscrupulous and shameless businesses.”